Raleigh, NC Rental Market Trends
Last updated: October 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Raleigh is $1,594, a 0.09% increase compared to the previous year, when the average rent was $1,593.
Studio Apartments at $1,339 offer the most budget-friendly option with 520 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 753 square feet for $1,411, balancing privacy and affordability.
Two-bedroom units at $1,661 offer 1,087 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,353 sq ft) for $2,045, suitable for larger households.
Average rent in Raleigh, NC
Last updated: October 30, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,594 | 949 sq. ft. |
| Studio | $1,339 | 520 sq. ft. |
| 1 Bed | $1,411 | 753 sq. ft. |
| 2 Beds | $1,661 | 1,087 sq. ft. |
| 3 Beds | $2,045 | 1,353 sq. ft. |
Raleigh, NC rent trends
Rental prices in Raleigh, NC have increased by 0.09% over the past year. The average rent moved from $1,593 to $1,594.
What's the typical rent budget in Raleigh, NC?
The largest share of rentals in Raleigh, NC (49%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Raleigh, NC?
100,202 or 49% of the households in Raleigh, NC are renter-occupied while 103,241 or 51% are owner-occupied.
Most affordable neighborhoods in Raleigh?
North Haven $984/month
Winslow Ridge at Sunnybrook $1,082/month
Glenwood North $1,204/month
All of these neighborhoods fall below the city wide average of $1,594/month.Most expensive neighborhoods in Raleigh?
Trailwood $2,385/month
North Hills $2,406/month
Willmont $2,915/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Raleigh, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Willmont | $2,915 |
| North Hills | $2,406 |
| Trailwood | $2,385 |
| Colonial Heights | $2,383 |
| Fairmont | $2,145 |
| Country Club Hills | $2,139 |
| The Townes at Crabtree | $2,122 |
| Caraleigh Mills | $1,991 |
| Downtown Raleigh | $1,935 |
| Farrior Hills | $1,920 |
| Cameron Village | $1,829 |
| Glenwood | $1,828 |
| Trinity Park | $1,790 |
| Woods of Ashbury | $1,723 |
| Renaissance Park | $1,699 |
| Eastgate | $1,693 |
| Camley Hills | $1,680 |
| Woodcrest | $1,677 |
| Alexander Place | $1,646 |
| Brookwood | $1,641 |
| Silver Lake | $1,603 |
| Lockwood | $1,595 |
| Wakefield Plantation | $1,593 |
| Meredith Woods | $1,586 |
| Suncreek | $1,568 |
| Laurel Hills | $1,567 |
| Brier Creek | $1,562 |
| Village of Fox Run | $1,550 |
| Lakeview | $1,539 |
| North Shore | $1,530 |
| Village of Tryon | $1,524 |
| Beachwood | $1,504 |
| North Ridge | $1,495 |
| Simms Branch - Anson Grove | $1,493 |
| Northridge Trace | $1,487 |
| Autumn Woods | $1,473 |
| Northwest Woods | $1,470 |
| Brookside Village | $1,468 |
| Crown Oaks | $1,454 |
| Thornton Commons | $1,442 |
| Glen Forest | $1,435 |
| Northglen | $1,420 |
| Ashebrook | $1,416 |
| Deblyn Park | $1,405 |
| Pinewinds | $1,398 |
| Greenbrier | $1,395 |
| Westlake Village | $1,392 |
| Bent Creek | $1,376 |
| Olde Province | $1,367 |
| Brookhaven | $1,335 |
| Pepperdyne | $1,332 |
| Old Farm | $1,331 |
| Northclift | $1,330 |
| Hampton Oaks | $1,308 |
| Hertford Village | $1,297 |
| Hope Valley | $1,292 |
| Sweetbriar | $1,277 |
| Riverbirch | $1,274 |
| Timberlake Estates | $1,232 |
| College View | $1,213 |
| Glenwood North | $1,204 |
| Winslow Ridge at Sunnybrook | $1,082 |
| North Haven | $984 |
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Raleigh | Rent Comparison by Neighborhood
Rent in Alexander Place is 16% higher than in Ashebrook
$1,646
Alexander Place rent is 3% higher than Raleigh average
Average Rent
$1,646
$1,416
Ashebrook rent is 11% lower than Raleigh average
Average Rent
$1,416
How Raleigh Compares to Other Cities
| City | Average Rent |
|---|---|
| Raleigh | $1,594 |
| Charlotte | $1,667 |
| Winston - Salem | $1,287 |
| Durham | $1,552 |
| Greensboro | $1,344 |
| Fayetteville | $1,286 |
| Hickory | $1,470 |
| Greenville | $1,405 |
| Wilmington | $1,665 |
| Cary | $1,709 |
| Concord | $1,539 |
| Morrisville | $1,709 |
| Wake Forest | $1,660 |
| Clayton | $1,591 |
| Chapel Hill, NC | $1,784 |
| Apex, NC | $1,719 |
| Fuquay Varina, NC | $1,634 |
| Garner, NC | $1,453 |
| Holly Springs, NC | $1,739 |
| Knightdale, NC | $1,593 |
| Carrboro, NC | $1,286 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Raleigh apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.